The European Cold Drawing of Wire sector exhibited varied wage and salary shares across countries in 2023. Germany led with the highest share, followed by Italy and Belgium, while countries like France and Serbia had significantly lower shares. Year-on-year changes suggested modest growth in Germany, Czech Republic, Spain, and a notable rise in Serbia. Conversely, Italy, Belgium, and especially France and the UK experienced declines. Over the past five years, gradual changes have been observed, suggesting different competitiveness and industry dynamics influencing these countries.
Future trends to watch include:
- The potential growth in markets like Serbia and Hungary due to recent increases.
- Continued challenges in France and the UK, potentially requiring strategic adjustments.
- The impact of economic policies and technological advancements on wage structures in leading countries like Germany and Italy.
Top countries in Cold Drawing of Wire Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.27 | 2023 | +6.04% | +0.87% | View data |
| 2 | 2 Italy | 24.07 | 2023 | -0.17% | -0.53% | View data |
| 3 | 3 Belgium | 18.18 | 2023 | +1.91% | -0.86% | View data |
| 4 | 4 Sweden | 6.71 | 2023 | +0.61% | 0% | View data |
| 5 | 5 Czech Republic | 5.58 | 2023 | +1.99% | +0.56% | View data |
| 6 | 6 Spain | 3.57 | 2023 | -0.76% | +0.46% | View data |
| 7 | 7 United Kingdom | 1.52 | 2023 | -5.08% | -4.36% | View data |
| 8 | 8 Hungary | 0.72 | 2023 | +1.92% | +1.17% | View data |
| 9 | 9 France | 0.54 | 2023 | -51.22% | -29.02% | View data |
| 10 | 10 Serbia | 0.068 | 2023 | 0% | +7.72% | View data |
